USC will get the funds over the next couple years, said business school dean Joel Smith III, and will use the money to create a capitalism ethics class, a capitalism-focused professorship, a lecture series and a room in the business library dedicated to the works of authors that support free enterprise such as Ayn Rand.

John Allison, chairman and CEO of BB&T, said USC and the bank jointly developed the focus of the endowment.

“If you look at a lot of business education programs, they do a good job of teaching people the technical part of business,” Allison said. “But they don’t often explain the philosophical foundations for capitalism, and anybody can make better decisions if they understand the context.”

I saw John Allison speak at last summer’s Objectivist Conference, and I think its wonderful (and rare) to see a successful CEO defend capitalism. You can see how he applies Objectivism to the corporate philosophy of BB&T at their philosophy page.

It has become obvious to any honest individual that the UN is essentially a pulpit for dictators, communists, and looters of all sorts to attack and demand welfare from the few free countries of the world.

Lest we forget that UN representatives represent the policies of the nations they represent, here are the nations that voted to support this mass-murdering “spiritual leader:” China, Russia, France, Angola, Chile, Pakistan, Spain, Algeria, Benin, Brazil, and the Philippines.

I don’t need to mention what I think of the EU ruling to fine Microsoft €497.2 million ($605 mil U.S.) for having the audacity to make superior software. However I was curious how the loot would be split it up. Turns out that it will be a trickle into the €100bn EU budget, which is allocated as follows:

Almost half of this is spent on agricultural aid, for subsidising farmers and their produce, and for improving rural development.

The second biggest portion – about one-third – goes on EU funding, which supports the poorer countries in the union. Currently Ireland, Spain, Portugal and Greece benefit most from this fund.

Money has also been allocated for the 10 countries set to join the union – some 40bn euros in the first three years of enlargement, in which time these countries will pay 15bn euros into the EU budget.

The remainder goes on research and educational programmes, aid to regions outside the EU such as Africa and the Balkans, and administration costs…

Yes, nearly 100% of it is welfare. The linked article also mentions that the DOJ is complaining – such a fat cash cow should not be shared that easily.

Europeans enslaved other Europeans for centuries before the drying up of that supply led them to turn to Africa as a source of slaves for the Western Hemisphere. Julius Caesar marched in triumph through Rome in a procession that included British slaves he had captured. There were white slaves still being sold in Egypt two decades after blacks were freed in the United States.

It was the same story in Asia, Africa, and among the Polynesians and the indigenous peoples of the Western Hemisphere. No race, country, or civilization had clean hands.

What makes the current reparations movement a fraud, whether at Brown University or in the country at large, is the attempt to depict slavery as something uniquely done to blacks by whites. Reparations advocates are doing this for the same reason that Willie Sutton robbed banks: That’s where the money is.

No one expects Qaddafi to pay reparations to the descendants of Europeans whom his ancestors captured on the Mediterranean coast or Western Europeans to pay reparations to Slavs who were enslaved on such a scale that the very word slave derived from their name.

Still less does anyone expect Africans to pay reparations to black Americans whose ancestors they sold to white men who took them across the Atlantic. Only in America can guilt be turned into cash.

Your leaders, chaired by Sharon, will only bring you destruction. Blood begets blood. The Palestinian people can endure a long struggle and if you think that the confrontation will exhaust it then you are deluded. You will lose.

Rantisi said similar things just last year, after he himself survived an Israeli targeted strike: “By G-d we will not leave one Jew alive in Palestine.”
… “Sheikh Ahmad Yassin rest in peace. They will never enjoy rest. We will send death to every house, every city, every street in Israel!”

What form of “death” did he send to Israel?

A 16 [edit:14]-year-old Palestinian with a suicide bomb vest strapped to his body was caught at a crowded West Bank checkpoint Wednesday, setting off a tense encounter with Israeli soldiers whom the army said he was sent to kill.
The family of the teenager, identified as Hussam Abdo, said he was gullible and easily manipulated.
“He doesn’t know anything, and he has the intelligence of a 12 year old,” said his brother, Hosni.
“He told us he didn’t want to die. He didn’t want to blow up,” Milrad said.
The military said Abdo’s mission was to kill soldiers at the crowded checkpoint.
“In addition to the fact that he would have harmed my soldiers, he would have also harmed the Palestinians waiting at the checkpoint, and there were 200 to 300 innocent Palestinians there,” said the commander of the checkpoint, who identified himself only as Lt. Col. Guy.
Several teenagers have carried out suicide bombings over the past 3 1/2 years, and there has been recent concern that militant groups were turning to younger attackers to elude Israeli security checks.
Abdo, though 16, looked far younger, and the Israeli military initially said it believed he was 10 years old.

But what about all this talk about “cycles of violence?”

The number of suicide bombings and the number of victims has dropped, with 142 Israelis killed in 22 bombings in 2003, compared to 214 killed in 53 bombings in 2002. Analysts attributed the drop to Israel’s partially built West Bank barrier, beefed-up intelligence and Hamas leaders’ fear of assassination.

I suspect that the terrorist leadership is not nearly as death-happy as they fervently claim – they prefer to send scared little boys to carry out their threats of martyrdom.

John McManus of the Scottish Miscarriage of Justice Organisation put his finger on the issue in saying that the government seems “to want to punish people for having the audacity to be innocent.” Well, perhaps that’s no surprise, given that they also want to punish people for the audacity of defending themselves against criminals.

Sheik Ahmed Yassin, the founder and spiritual leader of Hamas was just killed in an Israeli airstrike. MSNBC was quick to point out that he was a quadriplegic, but not that he has been planned uncounted terrorist attacks, openly assassinated IDF soldiers, and murdered many Palestinian “spies.” Earlier this year, he made his stance clear: “Muslims should threaten Western interests and strike them everywhere.” We should celebrate the fact that Israel has made it’s anti-terrorist stance clear – and demand that our leaders do likewise.